Pikes Peak Community Foundation

“Changes to bylaws: Page 7, Article IV, Section A: Amend the sentence that reads, "Officers will be elected in the final quarter of each year and take office at the annual meeting in December each year," to read, "Officers will be elected in the final quarter of each year and take office at the annual meeting in the fourth quarter each year." Page 5, Article III, Section G, Subsection 1: Amend the sentence that reads, "An annual meeting of the Board for the installation of officers and the transaction of such business as may properly come before the meeting shall be held in the month of December of each year at a time and place established by the Board of Trustees," to read, "An annual meeting of the Board for the installation of officers and the transaction of such business as may properly come before the meeting shall be held in the fourth quarter of each year at a time and place established by the Board of Trustees." Form 990 Part VI Section B Line 11 The staff works with our independent accounting firm to review the accuracy and completeness of the 990. When the document is in final draft, the full board of the Pikes Peak Community Foundation reviews the 990 document and asks questions to ensure completeness and accuracy. Once all information is deemed accurate and complete, we then submit the 990 to the IRS.”

“The performance evaluation of the Executive Director is a two-part process- A formative assessment that occurs all year, and a summative assessment that occurs on or close to the date of employment of the Executive Director. The formative assessment occurs as weekly meetings between the Executive Director and the Board Chair. These meetings are a chance to talk over current projects, recent achievements, and upcoming events. During the meetings, the Board Chair takes notes for his files on the progress of the Executive Director toward meeting the goals as stated in the strategic plan for for PPCF. The summative assessment begins approximately two months before the anniversary date of employment of the Executive Director. The Board Chair asks the Executive Director to write a self-evaluation that describes progress during the preceding year as related to the goals and objectives of the strategic plan. At the same time, the Board Chair solicits feedback and input from all Board members, and also requests information from staff and key volunteers as appropriate. The Executive Director then meets one-on-one with the Board Chair to discuss both the self-evaluation and the Board feedback. After this session, the board chair convenes the Executive Committee of the Board for a formal performance review. Part of this session is "Executive Session" during which the Executive Director is asked to leave the room so that the committee members can discuss the Executive Director privately. The Executive Committee then prepares a recommendation for either retention or termination of the Executive Director and presents it to the full Board. The Executive Director then meets with the full Board to discuss performance, followed by an "Executive Session" during which the Executive Director is asked to leave the room so that the full Board can discuss the recommendations. The full Board conducts a formal vote on the recommendation (along with any changes proposed) as presented by the Executive Committee. The Board Chair then communicates the results of the vote to the Executive Director, and writes a formal performance review letter to the Executive Director, and, if re-hired, a letter describing compensation adjustments and future performance expectations. Appropriate compensation is then established by reviewing the council on foundations annual salary survey, the Colorado Nonprofit Association Annual Salary Survey, and by checking the Guidestar database for the compensation levels at comparable Foundations in the State of Colorado. We use the Colorado Nonprofit Association Annual Salary Survey to create appropriate compensation levels for our staff. Currently, our staff members are at or just below the median for the positions they hold at PPCF.”

“All documents available at the Organization's office.”

“Continued: this mission is attained by building a community endowment, helping donors address community needs and providing philanthropic leadership.”

“Change in value of split interest agreement: $ 10,349 Adjustment of FMV of land held for sale: $ (4,331,004) Net asset reclassification between consolidated group $ 343,244 Reclassification of trust to liability from net assets $ (2,703,084)”